Massive Gold Warehouse Being Built In China Tangible Investments and GoCoins.com buy and sell rare coins, precious metals, fine art and jewelry.   BBB - Better Business Bureau
 info@gocoins.com Tangible Investments, LLC. | 1910 S Coast Hwy | Laguna Beach, CA 92651 facebook twitter YouTube LinkedIn Google+ Instagram Pinterest Email  
Massive Gold Warehouse Being Built In China
Posted February 21st, 2014

TANGIBLE INVESTMENTS - Los Angeles - by James O'Dell - Gold extended gains on Friday, climbing to $1,326.20 an ounce while silver rose to $21.88 an ounce, as precious metals prices continue to gain support from a string of worse than expected U.S. economic data. “Silver has been the standout precious metal, testing levels last seen in early November,” said Barclays. The latest economic news to disappoint was Friday's report on existing home sales which plunged 5.1 percent in January, and it follows a slide of 0.8 percent in December.
 
"Such a picture confirms that the U.S. housing market reached its peak at the end of 2013 and further reacceleration is unlikely near term," said Annalisa Piazza of Newedge Strategy. The slumping economy has led to speculation the Fed will slow the pace at which it is currently tapering its massive quantitative easing (QE) program. "Falling U.S interest rates and a weakening of the dollar are two very important determinants of gold prices," said Natixis' Nic Brown. "Since the beginning of the year, both of these have been helping to push gold higher.
 
Meanwhile, with China buying up all the gold they possibly can, they need someplace to store it, so the Chinese Gold & Silver Exchange Society, at the cost of HK $1 billion, is building a gold vaulting warehouse in mainland China capable of storing 1,500 tons of bullion. The warehouse will reportedly be given special status by Beijing that will allow members to freely transfer gold and silver between Hong Kong and Qianhai, on the mainland.
 
Capital controls remain in force in China, so there are only eleven mainland banks that are even allowed to import gold. Diversifying into physical gold and silver is a prudent decision and helps to protect investors and pensioners over the medium and long term.
 
It's important to protect your hard earned wealth during these times of economic uncertainty, and at Tangible Investments, it doesn't matter whether you're new to precious metals or a seasoned veteran, you will always be dealing with top industry experts. Take a moment and browse our vast selection of valuable collectibles, then call Toll Free 1.800.741.5014 today and let the helpful staff at Tangible Investments assist you in your next purchase or sale. Have you claimed your FREE COIN yet?



Gallery or Rarities

View our Selection of Rare Coins

Why Choose Tangible Investments?
Contact Form
Name*

Email*

Message


CAPTCHA Image   Reload Image
Security Code*
Subscribe to Our Newsletter
Professional Memberships
Professional Memberships BBB - Better Business Bureau ICTA - Industrial Council for Tangible Assets NGC - Numismatic Guaranty Corporation PNG - Professional Numismatic Guild ANA - American Numismatic Association PCGS - Professional Coin Grading Service
Follow Us
facebook
twitter
YouTube
LinkedIn
Google+
Instagram
Pinterest
Email
Contact Us
Call: 888.655.9255
Email: info@gocoins.com

Hours of Operation
Monday - Friday 10 AM to 5 PM
Saturday 10 AM to 4 PM
Sunday Closed

Huntington Beach:
16121 Beach Blvd.
Huntington Beach, CA 92647

Laguna Beach:
1910 S Coast Hwy
Laguna Beach, CA 92651

Click Here for Directions
Click Here for Directions
HOME      ABOUT US      BUY FROM US      SELL TO US      LOANS      CONSIGN/AUCTION      SERVICES      MEDIA      CONTACT US
Copyright © 2020 Tangible Investments, LLC. All Rights Reserved. Privacy Policy | Terms & Conditions 
PCGS CO-FOUNDER - MORE THAN $2 BILLION TRANSACTED - 200 YEARS COMBINED EXPERIENCE
Coins & Currency - Gold - Silver - Platinum - Watches - Jewelry
Tangible Investments, LLC. | 888.655.9255 | info@gocoins.com
Huntington Beach: 16121 Beach Blvd. | Huntington Beach, CA 92647
Laguna Beach: 1910 S Coast Hwy | Laguna Beach, CA 92651